Which has more moral mileage – the Ford Foundation or the Model T?
Jeremy Bullmore
The cash for peerages inquiry prompts me to wheel out yet again my brilliant single solution to three huge national problems: the honours system, the funding of political parties and the reform of the House of Lords.
Thriftily using Premium Bonds' existing technology (the Electronic Random Number generator) the government markets Nobility Bonds.
Bonds cost £100 each. Foreigners in particular are encouraged to buy. Every month, a given number of honours are allocated according to ERNIE's whim. There will quite a lot of MBEs and...